Russia’s Wartime Economy

{
  "authors": [
    "Michael Kofman",
    "Alexandra Prokopenko"
  ],
  "type": "legacyinthemedia",
  "centerAffiliationAll": "dc",
  "centers": [
    "Carnegie Endowment for International Peace",
    "Carnegie Russia Eurasia Center"
  ],
  "collections": [],
  "englishNewsletterAll": "ctw",
  "nonEnglishNewsletterAll": "",
  "primaryCenter": "Carnegie Russia Eurasia Center",
  "programAffiliation": "russia",
  "programs": [
    "Russia and Eurasia"
  ],
  "projects": [
    "The Return of Global Russia: A Reassessment of the Kremlin’s International Agenda",
    "Ukraine Initiative"
  ],
  "regions": [
    "Russia",
    "Ukraine",
    "North America"
  ],
  "topics": [
    "Economy"
  ]
}

In The Media

Carnegie Russia Eurasia Center

Russia’s Wartime Economy

Michael Kofman sat down with Alexandra Prokopenko to discuss the impact of Western sanctions on the Russian economy, the challenges the Russian central bank has to manage inflation, and what that means for the Russo-Ukrainian war.

By Michael Kofman and Alexandra Prokopenko

Published on Jan 16, 2024

Program

Russia and Eurasia

The Russia and Eurasia Program continues Carnegie’s long tradition of independent research on major political, societal, and security trends in and U.S. policy toward a region that has been upended by Russia’s war against Ukraine. Leaders regularly turn to our work for clear-eyed, relevant analyses on the region to inform their policy decisions.

Learn More

Project

The Return of Global Russia: A Reassessment of the Kremlin’s International Agenda

The Kremlin’s activist foreign policy is expanding Russian global influence at a time when the United States and other Western countries are increasingly divided or consumed by domestic problems. The Return of Global Russia project will examine the Kremlin’s ambitions to become a player in far-flung parts of the world where its influence has long been written off, the tools it is relying upon to challenge the liberal international order, and practical Western policy options for how and when to respond to this new challenge.

Learn More

Project

Ukraine Initiative

The United States and its allies and partners need a sustainable, long-term policy framework to defeat Russia’s aggression and help ensure a future for Ukraine as a resilient democracy anchored firmly in Europe. Carnegie has launched a multiyear initiative that will contribute policy and analytical heft to these efforts, in partnership with Ukrainian scholars.

Learn More

About the Authors

Michael Kofman

Senior Fellow, Russia and Eurasia Program

Michael Kofman is a senior fellow in the Russia and Eurasia Program at the Carnegie Endowment for International Peace, where he focuses on the Russian military, Ukrainian armed forces, and Eurasian security issues.

Alexandra Prokopenko

Senior Fellow, Carnegie Russia Eurasia Center

Alexandra Prokopenko is a senior fellow at the Carnegie Russia Eurasia Center.

Economy Russia Ukraine North America

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

More Work from Carnegie Endowment for International Peace

Commentary
Carnegie Politika
Putin’s Post-Election Reshuffle Advances Russian State Erosion
The pressures of war are gradually warping Russia’s system of governance, making it more vulnerable to a future crisis.
Tatiana Stanovaya
Commentary
Carnegie Politika
Price Analysis Shows China Holds Upper Hand in Russia Gas Supply Talks
A leak of Russian gas price data helps establish that China is paying Russia far less than Central Asian countries and Gazprom’s former European customers.
Sergey Vakulenko
Commentary
Strategic Europe
Europe Needs its own Sanctions-Enforcement Muscle
The EU can impose sanctions but struggles to enforce them without the United States. With Washington increasingly disinterested in backing European interests, the bloc must now fend for itself.
Nicu Popescu, Tiago Antunes
Commentary
Emissary
Central Asia Wants U.S. Investments. It Is Less Sure About U.S. Conditions.
Rubio’s recent visit brought welcome attention, but more capital requires governance changes that may be a hard sell for regional governments.
Jennifer B. Murtazashvili
Commentary
Carnegie Politika
Why Has Tokyo’s Response to Kremlin Challenges Been So Muted?
Japan’s long-term security policy is driven by concerns about China, and there is little appetite for (or interest in) pursuing a confrontation with Moscow.
James D.J. Brown

More Work from Carnegie Endowment for International Peace

Commentary

Carnegie Politika

Putin’s Post-Election Reshuffle Advances Russian State Erosion

The pressures of war are gradually warping Russia’s system of governance, making it more vulnerable to a future crisis.

Tatiana Stanovaya

Commentary

Carnegie Politika

Price Analysis Shows China Holds Upper Hand in Russia Gas Supply Talks

A leak of Russian gas price data helps establish that China is paying Russia far less than Central Asian countries and Gazprom’s former European customers.

Sergey Vakulenko

Commentary

Strategic Europe

Europe Needs its own Sanctions-Enforcement Muscle

The EU can impose sanctions but struggles to enforce them without the United States. With Washington increasingly disinterested in backing European interests, the bloc must now fend for itself.

Nicu Popescu, Tiago Antunes

Commentary

Emissary

Central Asia Wants U.S. Investments. It Is Less Sure About U.S. Conditions.

Rubio’s recent visit brought welcome attention, but more capital requires governance changes that may be a hard sell for regional governments.

Jennifer B. Murtazashvili

Commentary

Carnegie Politika

Why Has Tokyo’s Response to Kremlin Challenges Been So Muted?

Japan’s long-term security policy is driven by concerns about China, and there is little appetite for (or interest in) pursuing a confrontation with Moscow.

James D.J. Brown